Tuesday, September 01, 2009

Who Actually pays the Majority of Income Taxes in The U.S.?

By Brian Bonner

The great lie of tax breaks for the rich ticks me off, So what is the truth? The Truth is we already have a "Progressive" income tax in this country and we already re-distribute wealth; sickening. Read on McBeth...

From The National Tax Payers Union:

For Tax Year 2007

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$410,096

40.42

Top 5%

$160,041

60.63

Top 10%

$113,018

71.22

Top 25%

$66,532

86.59

Top 50%

$32,879

97.11

Bottom 50%

<$32,879

2.89

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2006

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$388,806

39.89

Top 5%

$153,542

60.14

Top 10%

$108,904

70.79

Top 25%

$64,702

86.27

Top 50%

$31,987

97.01

Bottom 50%

<$31,987

2.99

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2005

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$364,657

39.38

Top 5%

$145,283

59.67

Top 10%

$103,912

70.30

Top 25%

$62,068

85.99

Top 50%

$30,881

96.93

Bottom 50%

<$30,881

3.07

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2004

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$328,049

36.89

Top 5%

$137,056

57.13

Top 10%

$99,112

68.19

Top 25%

$60,041

84.86

Top 50%

$30,122

96.70

Bottom 50%

<$30,122

3.30

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2003

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$295,495

34.27

Top 5%

$130,080

54.36

Top 10%

$94,891

65.84

Top 25%

$57,343

83.88

Top 50%

$29,019

96.54

Bottom 50%

<$29,019

3.46

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2002

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$285,424

33.71

Top 5%

$126,525

53.80

Top 10%

$92,663

65.73

Top 25%

$56,401

83.90

Top 50%

$28,654

96.50

Bottom 50%

<$28,654

3.50

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2001

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$292,913

33.89

Top 5%

$127,904

53.25

Top 10%

$92,754

64.89

Top 25%

$56,085

82.90

Top 50%

$28,528

96.03

Bottom 50%

<$28,528

3.97

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2000



Notice the source is the internal revenue service (IRS)The bottom 50% of this country only pay 2.89% of the tax BURDEN in 2007, tell me our Federal Government has not been incrementally moving towards socialism and centralizing power.

As to Nationalizing or subsidizing healthcare by the Federal Government: UNCONSTITUTIONAL.

Social Security, Medicare, Medicaid, Welfare are all UNCONSTITUIONAL!!

The 10th Amendment to the U.S. Constitution states:
"The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people."

There you have it in black and white, if the U.S. Constitution does not explicitly grant a power to the Federal Government, nor specifically prohibit it to the States, it belongs to the States or the people. This means the States can individually take up these social programs, if their Constitution allows it and the people of the state want it.

All those that think there is an individual right are wrong and need to immigrate to the many social/commie countries that already exist, or they need to work to AMEND THE CONSTITUTION!

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